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CAP. 361]

Stock Exchanges Unification

[1989 Ed.

PART IV

LIQUIDATION OF EXISTING EXCHANGES

30-31. (Repealed 10 of 1989 s. 65)

32. Insolvency of existing exchange

If in the course of winding up an existing exchange, the liquidator is satisfied that the existing exchange is insolvent, then the liquidation shall, notwithstanding that a declaration of solvency has been made and delivered in accordance with section 233 of the Companies Ordinance (Cap.32), continue as a creditors' voluntary winding up within the meaning of that section.

33. Part V of the Companies Ordinance to apply

The provisions of Part V of the Companies Ordinance (Cap.32) shall apply to a winding up under this Part to the extent that they are not inconsistent with this Part.

PART V

MISCELLANEOUS

34. Rules of the Unified Exchange

(1) The Exchange Company may, subject to this Ordinance and to the Securities Ordinance (Cap.333), make rules-

(a) prescribing listing requirements for the quotation of securities on the Unified Exchange;

(b) to ensure compliance by its members with section 65B of the Securities Ordinance (Cap.333) and financial resources rules for the better fulfillment by the Exchange Company of the duty imposed on it by section 15 and, without derogation from the generality hereof such rules may—

(i) prescribe the returns to be made by members, the form of such returns, the information to be included therein and the manner in which such information is to be verified;

(ii) provide for the manner in which any assets are to be valued and for the payment by members of the costs of valuation;

(iii) prescribe the manner in which records are to be kept by members of any assets which may be taken into account for

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